$0.17 EPS Expected for Oaktree Specialty Lending Co. (NASDAQ:OCSL) This Quarter

Brokerages expect Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get Rating) to announce $0.17 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Oaktree Specialty Lending’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.16. Oaktree Specialty Lending posted earnings of $0.14 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 21.4%. The business is scheduled to issue its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Oaktree Specialty Lending will report full-year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.69. For the next fiscal year, analysts forecast that the company will report earnings of $0.69 per share, with EPS estimates ranging from $0.68 to $0.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Oaktree Specialty Lending.

Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) last released its earnings results on Thursday, February 3rd. The credit services provider reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. Oaktree Specialty Lending had a net margin of 89.41% and a return on equity of 8.82%. The firm had revenue of $64.94 million during the quarter, compared to analyst estimates of $57.51 million. During the same quarter in the previous year, the business earned $0.14 EPS.

Several research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Oaktree Specialty Lending in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $8.17.

Shares of OCSL opened at $7.42 on Wednesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $7.40 and a 200 day moving average of $7.42. Oaktree Specialty Lending has a 12 month low of $6.37 and a 12 month high of $7.81. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 5.80, a PEG ratio of 0.91 and a beta of 1.38.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were issued a $0.16 dividend. This is an increase from Oaktree Specialty Lending’s previous quarterly dividend of $0.16. The ex-dividend date was Monday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 8.63%. Oaktree Specialty Lending’s payout ratio is presently 50.00%.

Several large investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. raised its position in Oaktree Specialty Lending by 56.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 4,174 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 1,500 shares during the last quarter. Good Life Advisors LLC acquired a new position in Oaktree Specialty Lending during the third quarter worth about $165,000. Commonwealth Equity Services LLC raised its position in Oaktree Specialty Lending by 128.0% during the third quarter. Commonwealth Equity Services LLC now owns 36,622 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 20,557 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Oaktree Specialty Lending in the third quarter valued at approximately $176,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Oaktree Specialty Lending by 4.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 71,045 shares of the credit services provider’s stock valued at $502,000 after buying an additional 3,153 shares during the last quarter. 63.27% of the stock is currently owned by institutional investors and hedge funds.

About Oaktree Specialty Lending (Get Rating)

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity and management buyouts in small and mid-sized companies.

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